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I've just picked up this comment on the Internet..
"Welcome to the AIM cesspit where all you need to succeed as a CEO or chairman is to be corrupt to the core"
There's a fine line between incompetence and corruption.....especially pharma......An explanation is still outstanding as to why val 201 has not been delivered by the "drop dead" date... 4th April 2025...
...good morning...just watched va interviewed on bbc 1....wishy-washy....strikes me top nhs bosses need a rocket up their ****s ....another of our brilliant nhs crews ....managed by incompetent politicians/sm's ....who have no respect for data. we need to step back and admit "hearts and minds" must include fear for job security....for those who are clearly incompetent. i repeat...........those leeches are sucking valirx dry....i'm convinced suzy is taking us to admin in order to pick up the lab (and all its contracts) for a song...just remember my words "black cat"....i'm warning you all to be on your guard unless this incompetent gang of rouges actually do have something of value to share with us.....when it suits them of course, definitely not when it suits us.
Those leeches are sucking valirx dry....I'm convinced Suzy is taking us to admin in order to pick up the lab (and all its contracts) for a song...just remember my words "BLACK CAT"....I'm warning you all to be on your guard unless this incompetent gang of rouges actually do have something of value to share with us.....when it suits them of course, definitely not when it suits us.
When the F are we going to dismiss Suzy and Kevin can't come quick enough they both should not be allowed to take another wage from the company
"It's dead jim" is the correct header lol
Just correcting the header....
Maybe it is @porky9 buying whilst getting others to sell. If it is đź‘Ź
Either way it looks like the market much like us is waiting for some divine words from Dilly. Hopefully she will be ready to realise an rns or two when she’s back from Easter holiday. Never forget her first priority is family.
Just looked again - the four buys totalled just over half a million shares. RNS tomorrow?
Maybe it was @Iceman adding ÂŁ10k
Four separate trades but that's a lot of shares bought considering all the negativity on here. Shows that there is definitely optimism that recovery is not far away. Nobody just throws away thousands of pounds.
Last post.
Pressed send too early but hopefully you get my drift
Agreed...lots of soul searching....but they succeeded despite barriers placed in their path....I cam only hope and play the decline in the sp has no substance and that the val treatments will come good despite, barrier placed invrhe path by Suzy and greedy, 'businesswise' incompetent team.
If no material news is released before the new CEO is announced; The SH's whom made the requisition, can feel thoroughly vindicated in what must have been a difficult decision.
The current BOD have failed to convert ANY income generating opportunities and have left the company in a somewhat precarious position whereby another fundraise now seems inevitable.
🥱🥱🥱🥱when did you say ?
Fair comment jinky. I won't haggle, as vals sp just done done what it knows best.....turned red!
Freddie I agree with what you say except for having the AI scientists working under suzy's stewardship Suzy should be shown the door told to leave and never return her handling of the whole 201 debacle has been a disgrace.
@OB
Hope you and family are well, health is wealth as you always say.
Sure, IF Adrian gets it right for H2 he has a chance and it then becomes a recovery play, although i am concerned that the requisition was removed enabling Kevin and Martin to stay, i believe i speak for many in saying that was a mistake as SH really wanted the opportunity to see the back of those two at the earliest, anyhow not long until end of June.
Pork's
P.S I know you are also a fan of the shiny stuff, even i was surprised at the recent Gold run.... nice one.
Evening Mr P…
I hope you are well?
You are here for the same reason as most of us are……you can smell a profit.. probably long term TBF….
Am I wrong?
OB
@PM2022
It really is like Deja Vu with you, we have the exact same conversation every time. You try and convince that the cash runway is longer than it is, then when they place act shocked that you didn’t see it coming, wake up.
Let me give you the maths in simplistic form.
Skint at end of December 23 except a few quid. Cash burn averaging ÂŁ200k pcm. They raise ÂŁ1.8m BEFORE costs in Jan 24. Not sure of the fees but probably 5% but lets ignore that for the illustration.
Question: Do you think costs will go up, stay the same or go down? Answer: most likely IMO to go up as you have 4 more BOD members to feed and settlement costs to pay Suzy off from BOD position and settle any other liabilities.
IF cash burn were the same the runway would extend to September 24 (9 X ÂŁ200K is month 9 i.e Sept) but with the broker fees and other costs most likely a bit earlier July or August maybe?
A new board all in situ for end of June ready to start H2 1/7 would not want to go into that with only a few weeks cash left nor would they want to leave it right until the wire to raise cash, which would be totally irresponsible, and we need a change from old.
So, my best guess is they use the end of June AGM to propose the business plans going forwards and introduce the new BOD structure for H2 and request headroom shares for a July or August placing, that feels reasonable to me.
My call is 150m shares at 1p to raise £1.5m cash. Some investors think it should be 2p, but the market is tough. Any raise must reflect risk and the new board are rebuilding the business from ground up. To put this into perspective at 1.7p the share price fully diluted would be roughly the same market cap as where we were at the April 21 restructure. That’s why I think 1p is realistic and 2p probably top heavy IMO but let’s see where it comes out, but funds will be required make no mistake.
No doubt you will reply and say but Pork’s THX could pay the £2m over blah blah, they wont, it’s a dead duck and the new BOD need to move on from that now, rid the business of that albatross around their neck and more forwards fresh. A new board, a new direction, priority to value shareholders, a new start is what's needed now desperately.
Good luck to you.
Pork's
Think PM's chat GTP forgot the bonuses lol. Quiet day here in it.
PM, you forgot the most Important Item the Bonuses. IMO
Cash runway now appears sufficient to carry it well into 2025
Full year 2023E Group net losses along with the cost of establishing/facilitating Inaphaea Biolabs (including the
acquisition of Imagen Therapeutics), resulted in an average estimated cash burn of a little over ÂŁ200,000/month for
the period. If one now prudently assumes further, albeit somewhat reduced, Group net losses for 2024E, during
which time it utilises the newly raised net funding to accelerate exploitation and integration of its acquired BioBank
materials in tandem with commercial development/brand establishment within Inaphaea while also advancing
its preclinical product pipeline in the absence of further cash acquisition(s), the Group now appears to have runway
sufficient to carry it into Q2 2025.
Between now and then, of course, various upside scenarios suggest this period could become significantly extended.
This could be derived through securing higher volumes of fee-paying service customers for Inaphaea, potential
signing of licensing agreements with external parties willing to pay upfront charges and fund ongoing
development of the Group’s preclinical and/or clinical assets which, in turn, could also attract continuing
milestones instalments. Any such outcome could be both transformative for ValiRx’s balance sheet while also
proving its business model.
Before the last placing.
From the last set of annual accounts - they said they had already started discussions on the next placing.
'The Directors are continuing to explore sources of finance available to the Group
and based upon initial discussions with a number of existing and potential investors they have a reasonable
expectation that they will be able to secure sufficient cash inflows for the Group to continue its activities beyond
the 12 months from the date of approval of these financial statements.
The Company carries out regular fund-raising exercises in order that it can provide the necessary working
capital for the Group. Further funds may be required to finance the Group’s work programme. The Board expects
to continue to raise additional funding as and when required to cover the Group’s development, primarily from
the issue of further shares.'
1) You are wrong because I am in no doubt that this Adrian person would help put some incentives for board members with decent targets by June.
2) He was backed by the private shareholder group and others so if he goes in and does a placing at such a crazy price then he has already failed and should be removed immediately as he has no experience in this field and if he goes against what existing shareholders want then it will be curtains for him. I see no reason why the cash burn should increase beyond what has been projected.
The BOD members have not been confirmed yet but I doubt they will be rewarded with very high salaries or that we see more people on the BOD than before.
The projection remains at the end of Q1 2025 and that without any revenue.